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        Trust and Society

        Section 21 - Shares or interest not liable to attachment

        Co-operative Societies Act, 1912
        Chapter V
        Privileges of Registered Societies

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        Protection of cooperative shares: members' capital interests are insulated from attachment or sale for personal debts. Subject to the provisions of section 20, a member's share or interest in the capital of a registered society shall not be liable to attachment or sale under any court decree or order for debts or liabilities of that member, and neither the Official Assignee nor a Receiver shall have any claim on such share or interest.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Protection of cooperative shares: members' capital interests are insulated from attachment or sale for personal debts.

                                Subject to the provisions of section 20, a member's share or interest in the capital of a registered society shall not be liable to attachment or sale under any court decree or order for debts or liabilities of that member, and neither the Official Assignee nor a Receiver shall have any claim on such share or interest.


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